Latest Key Developments (Source: Significant Developments)

Nov 2 (Reuters) - GAMING INNOVATION GROUP INC :GIG REPORTS THIRD QUARTER REVENUES UP 16% FROM SECOND QUARTER 2017\, AND.Q3 OPERATING REVENUES OF EUR 30.8 MILLION, UP 112% FROM EUR 14.5 MILLION IN Q3 2016​.Q3 ‍EBITDA OF EUR 3.0 MILLION, UP FROM EUR 1.9 MILLION IN Q2 2017 AND EUR 1.1 MILLION IN Q3 2016​.Q3 ‍ORGANIC REVENUE GROWTH OF 10% OVER Q2 2017 AND 54% FROM Q3 2016​.
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Gaming Innovation Group Inc : July-September total active real money players for Guts.Com, Rizk.Com and Betspin.Com were 95,401, up 7.9 pct from period June- August . Gross gaming revenue (GGR) continued to increase to a new all time high for GIG's gaming sites Guts.Com, Rizk.Com and Betspin.Com in September . September total deposits were 11.3 million euros ($12.6 million), up 8.1 pct from August, and margins obtained were 3.91 pct for casino and 10.5 pct for sports betting .Total registered users on Guts.Com, Betspin.Com and Rizk.Com were 541,860 as of Sept. 30 2016, compared to 505,836 as of Aug. 31 2016.
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Gaming Innovation Group Inc : Operating revenues of 9.7 million euros ($11.0 million), up 23 pct from 7.9 million euros in Q1 2016 . Q2 EBITDA of 0.96 million euros, an 1.03 million euros improvement from loss of0.07 million euros in Q1 2016 . Sees EBIT to exceed 5 million euros in 2016. . GIG to exceed goal of 20 signed IGC clients by year end .Expects continued revenue and earnings growth into 2017.
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Gaming Innovation Group Inc : Total active real money players for three months period May-July were 81,665, compared to 81,645 for period April-June . Gross gaming revenue continued to increase to a new all time high for gig's gaming sites guts.com, rizk.com and betspin.com in July .Had an overall positive performance in July, which normally has a negative seasonality effect.
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Gaming Innovation Group Inc : After a slight decline in April and May, Guts.com had all time high gross gaming revenue (GGR) in June . Rizk.com also showed strong performance in June, while Betspin.com performed below expectations . Total active real money players for the three months period April-June were 81,645, compared to 83,288 for the period March-May .Total registered users on GIG's iGaming sites Guts.com, Betspin.com and Rizk.com were 445,125 as of June 30, 2016 compared to 420,856 as of May 31, 2016.
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Gaming Innovation Group Inc. : GIG and major shareholder in Betit have agreed to convert Optimizer's 10 percent holding in GIG's subsidiary iGaming Cloud Ltd. into 56.5 million new GIG-shares .GIG will issue 153.5 million new shares as consideration for all shares in Betit.
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Gaming Innovation Group Inc : Gaming Innovation Group Inc. has signed an agreement with BetIt Operations Ltd. that will migrate their entire casino and sport offering onto GIG's iGaming Cloud platform service (iGC) .BetIt expect to migrate their brands to iGC in October 2016, and the total annual contribution to the iGC platform is expected to be in excess of 1 million euros ($1.13 million).
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